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You are here: Home » Archives for business funding

business funding

how to solve cash flow problemsCash flow is the lifeblood of any business, and managing it effectively can mean the difference between make or break.

When we refer to cash flow management, we’re talking about making sure there is enough cash available to cover all your outgoing expenses. If your outgoings are more than your sales and you run out of cash to pay staff or suppliers, your business will risk insolvency.

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what do crowdfunding investors look for in businesses The goal of any equity crowdfunding campaign is to catch the attention of investors and convince them that your business is worth backing.

But how does the mind of an investor work?

With more equity crowdfunding campaigns run each year, it’s crucial to know what motivates potential investors and how they make their crowdfunding investment decisions.

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Enterprise Investment Scheme - raising funding

The Enterprise Investment Scheme (EIS) is designed to help smaller, risky businesses raise funding to fuel growth.

Early-stage businesses can find it difficult to secure investment, so the EIS was set up to encourage more investors to back fledgling businesses by offering generous tax-breaks.

To help you see whether the EIS could help you raise funding for your business, we asked award-winning chartered tax adviser, Jonathan Amponsah CTA FCCA to explain how it works. Continue…

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Crowdfunding new HMRC EIS GuidelinesWhen it comes to start-up investment, the UK has some of the best tax relief schemes anywhere in the world.

The Enterprise Investment Scheme (EIS), along with its earlier-stage sibling the Seed Enterprise Investment Scheme (SEIS), offer protection of investments in UK start-ups. If the business fails, investors can claim up to 80% of the investment as tax relief against their income tax bill. Continue…

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asset finance to help you start and grow your businessWhether you’re starting a business, or taking it to the next level, the right finance can be a significant factor in driving growth.

Perhaps the growth of your business depends upon the purchase of new equipment to enable you to increase capacity, provide additional services, or win a particular new contract. In that case, asset finance could be the key to unlocking your growth potential.

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steps to growing your businessAsk a group business leaders, business owners, and entrepreneurs what their biggest business challenge is, and I’m confident you’d hear the same recurring thought: building their business in a sustainable, predictable, yet profitable way, quickly.

It’s a reality that most businesses never reach their full potential, always yearning for the thing that will catapult them into significance, but never really finding it.

So to help you in your business growth journey, we asked global growth authority, Royston Guest, to share his take on the ABC of business growth;

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Nationwide Corporate FinancePROMOTED GUIDE – This is a promoted guide from Nationwide Corporate Finance. Nationwide Corporate Finance offer rates from just 3.6% per year, and we specialise in business finance of all kinds. We have lent over £3 billon to businesses just like yours.

 

There are several ways to finance a business. These include bank loans, finance from independent lenders, and crowdfunding. Your capability of financing your business depends on convincing somebody else to invest in your idea and you.

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open banking affects small businessOpen Banking is here and is about to transform competition in the banking and funding arenas.

Since 13 January 2018 nine of the largest banks in the UK are governed by the new regulations introduced by the Competition and Markets Authority (CMA).

But what exactly is Open Banking, and how does it affect businesses across the UK? Here are five key facts you need to know about Open Banking: Continue…

Finding investors to support fledgling businessOne of the biggest obstacles to growth for start-up businesses is investment. Investors are often reluctant to commit their money to a new business with a promising idea but no track record of success.

Fortunately the Government lent a helping hand in 2012, and introduced the Seed Enterprise Investment Scheme (SEIS) to help smaller, riskier companies attract investors willing to take a punt on a bright idea becoming a successful business. Continue…

How to get the right business finance Any time is a good time to start a company, so said renowned American angel investor Ron Conway.

That may be true, but how easy is it to find the necessary funding?

The answer largely depends on your understanding of how fundraising should be done.

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pros and cons of funding your business with credit cardThere’s a huge variety of finance solutions available to small businesses these days, and each have their own pros and cons.

What works for one business may not work for another, and you may use a number of different products to finance your cashflow, short-term projects, or long-term growth plans.

Many companies find business credit cards useful for the short-term end of the spectrum, and while you wouldn’t necessarily use one to pay for larger purchases, they can be a good tool for day-to-day spending, expense tracking, and perhaps emergency cashflow needs. Continue…

Mistakes that new business owners commnly makeBuilding a successful new business is a roller-coaster. There will be days you know you couldn’t do anything else, and days you wish you did. Sometimes you’ll be on top of the world, but at other times it will be a struggle to drag yourself out of bed.

In the high-stakes world of starting a new business, only one thing is certain: everyone will make mistakes, but only those who learn from them will succeed.

So, to help you learn from these common errors, without making them yourself, here are 8 mistakes that startups frequently make;
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fnding options for businesses
PROMOTED GUIDE – This is a promoted guide from Funding Options – the free marketplace for business finance. Find the right finance for your situation, from dozens of the UK’s best lenders.

They might not have the catchiest name — but revolving credit facilities are one of the most useful types of business finance available.

Here’s everything you need to know about revolving credit facilities, and how they could help you fund your business. Continue…

ow to attract investors to back your tech businessVenture capital money going into technology companies in the UK is at an all-time high. A year post-Brexit referendum, British tech firms attracted £2.4bn in funding.

To date this year, UK fintech companies alone have seen £825m of VC investment.

So, what do investors look for in tech start-ups and how do you get a slice of this funding for your technology venture? Continue…

Getting finance for your business is no longer just a case of approaching your high street bank manager and asking for a loan.

The market is now much more varied, and boasts a huge range of products which have been tailored for more specific purposes. This means that depending on your requirements, it’s easier than ever to find funding that fits your business – if you know where to look.

Asset finance is one such funding solution, but what exactly is asset finance and is it a good option for your business? Continue…

How to get funding for your startup businessEverybody understands that starting up a business from scratch is not a simple process or an easy challenge to take on.

Regardless of how lofty your ambitions are or whether you’re aiming to establish yourself as a sole trader or as a the boss of a burgeoning new enterprise, finding access to initial and early-stage sources of finance is a vitally important step along the way towards sustainability and success.

Here’s a look at some of the most commonplace and most viable routes to finance currently available to startup businesses and the entrepreneurs behind them.

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When the bank won't fund your businessPROMOTED GUIDE – This is a promoted guide from Funding Xchange – the business funding marketplace where lenders compete to fund your business. Get Funding Now!

If you have approached your bank and found it difficult to secure the funds your business requires, you’re in good company. Banks are declining up to 50% of loan requests from some smaller businesses.

Banks’ lending decisions have very little to do with you or the prospects of your business. And their outdated processes and high costs of capital make it difficult for them to lend to smaller businesses.

Business owners are also being frustrated by the inability of banks to provide flexible forms of credit to businesses. This is highlighted by the fact that the availability of business overdrafts, long a favorite tool for businesses to smooth cash flow, has shrunk by more than 30%.

So where else can you get funding for your business?

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raise funding through alternative financeSince the recession of 2008/2009, there has been a significant reduction in the ability of banks to lend to British SMEs.

Whilst mainstream finance is still great for some businesses, many banks now have lending criteria that small businesses are unable to fulfill.

Fortunately, ‘alternative finance’ can offer a viable substitute for entrepreneurs looking for innovative and flexible ways to fund their business growth.

But before blindly assuming alternative finance is the answer to all your financial woes, there are six things you need to understand before you approach an alternative finance provider looking for funding. Continue…

Business is a complicated old game sometimes. Just when you think you’ve got your head round one thing, you realise there’s another rule you didn’t know about!

Here’s a good example. Did you know it’s possible to get your business into serious financial trouble by selling too much?
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When you are starting out in business, you need to quickly grasp that the three key factors that determine a company’s financial success, or failure, are:

  1. Sales
  2. Control of costs
  3. Cash management

Two out of three simply won’t work – you need to have complete control over these three crucial aspects, otherwise your chances of succeeding in business will be very limited. Continue…

The 10 Steps you need to take to turn around a struggling business

February 20, 2017

Most companies will face some kind of cash flow problem at some point. Temporary cash flow problems or financial squeezes usually arise out of matters that are outside of the immediate control of the directors, but when problems like this happen it’s vital you take the right steps and move quickly to ensure the issue […]

The secrets of getting a business bank loan

February 16, 2017

Borrowing money from a bank to finance your business is a lot harder than getting a loan to buy a new car or to improve your home. Banks have a number of tough rules that you need to know before you approach them for a business loan, and these rules have become even more stringent […]

How to finance your new business – funding advice for start-ups

February 10, 2017

If you are looking to start a new business, there is a good chance that you will need some funding to get it off the ground. Most businesses will have start-up costs, whether it’s securing premises, stock, equipment or hiring people, and they will all need paying for. Some people might have savings, or a […]

What is the Bank Referral Scheme and why does it matter?

December 20, 2016

Many small business owners don’t know about the Bank Referral Scheme, but it represents a significant milestone for business funding in the UK. But what exactly is The Bank Referral Scheme, how does it work, and how will it help businesses? We asked Conrad Ford, Chief Executive of Funding Options, to explain;

6 Things you need to know before launching a crowdfunding campaign for your business

December 12, 2016

You have a great business idea and you’re finally ready to make it a reality. However, the next obstacle you need to overcome is to find the funding you need to get your business off the ground. In recent years, the advent of alternative finance has brought startups new funding options, and driven an explosion […]

A Guide to ‘Alternative Finance’ – the new funding options for startups and small businesses

August 22, 2016

Young businesses and start-ups that are looking to raise funding have a dizzying array of choices nowadays. In fact, there has probably never been a bigger range of places to go for early-stage finance, from crowdfunding and angel investors through to government-backed start-up loans and P2P lenders. But before we take a look at the […]

10 Do’s and Don’ts of writing a business plan

January 22, 2016

When it comes to writing a business plan, there is one single golden rule that dwarfs all others – your business plan must address each of the key concerns of your potential backer. If you fail on this first point, all the other things you should and shouldn’t do pale into insignificance and even a […]

Bank loans and overdrafts becoming less popular as SMEs turn to alternative finance sources

December 21, 2015

The Albion Growth Report – a study of 1,000 SMEs which aims to explore the factors that help businesses grow and the issues that hold them back – has found that the popularity of bank loans and business overdrafts is declining. Instead, business owners appear to be turning to equity finance and other long-term financing options […]

How to maximise your chances of securing a small business loan

December 3, 2015

One of the biggest challenges start-ups and fledgling businesses face is securing the funding they need to realise their potential. A majority of business owners feel that finding finance is difficult in the current climate, and in particular, that banks are reluctant to provide business loans at competitive rates. So to help you maximise your […]

Last few days for Shell Springboard entries and the chance to win up to £150,000 of funding

November 17, 2015

With Global Entrepreneurship Week in full-swing, businesses are being urged to submit their entries for the 2016 Shell Springboard Program before the deadline for applications closes on Friday 20th, November. The Shell Springboard Program offers funding awards of up to £150,000 to small enterprises with innovative, commercially viable business ideas that reduce carbon emissions and […]

How peer-to-peer lending offers start-ups and small businesses a new funding option

October 24, 2015

If you need more finance to grow your business, there are a number of options which you might wish to consider. You could turn to your own personal savings, ask family members for help, get a bank loan, issue shares, or speak to some business angels or venture capitalists. Or you could consider peer-to-peer (P2P) […]

What is “gearing” and how can you make it work for your business?

October 12, 2015

When people talk about ‘gearing’ in a business, they are usually referring to one of two types; Financial gearing Operational gearing Here’s a guide to what gearing is, and how you can use it to increase the returns your business makes;

What to do if your company is running out of cash

August 26, 2015

Starting up and sustaining a company is a tough challenge for even the most gifted of entrepreneurs or the brains behind the business world’s biggest and best ideas. Within that context, the margins for error tend to be slim, particularly when it comes to financial matters and the business of balancing your books. Here are […]

Cashflow Forecasting – top tips to produce a better cash flow forecast

May 18, 2015

When you are starting a new business, you will most likely need to produce a cashflow forecast. If you’re looking to raise money, from either a bank loan or outside investors, a cash flow will be one of the financial forecasts that you will need to produce for prospective lenders and investors. As your business […]

8 signs that a small business may be approaching insolvency

April 17, 2015

Although it does not necessarily herald the end of a small business, decline into insolvency can bring significant changes in company structure, operations and management style. It’s worth checking your company for characteristic signs that, if spotted and acted upon early enough, could help you to steer the business away from danger. Here are 8 […]

Business angels or dragons – who do you trust to invest in your company?

March 30, 2015

Looking for an investor to help fund your business? You’d better make sure they’re an angel, not a dragon! Most businesses require outside investment at some point in their development. Whether you are a new business needing a cash injection to get started, or an established company looking to launch a new product or move […]